Two mayor resistance lines broke just in last few days, 1130 and 1180 + first hagopian which won't go without effect on the long term gold price. If the price goes above second hagopian, then the technical side is pretty much completed for the long term bullish trend. Next significant level would in that case be 1300.
OVERVIEW : Gold prices ended the session solidly higher and scored another three-month high Wednesday. We feel that the market will more than likely trying to reach towards the $1150 level. Technically market is looking strong on chart and prices is trading above the resistance trend line in its daily chart. In 4 hourly chart, prices is sustaining above its...
WEEKLY ANALYSIS: I do appreciate all views be it a like or comment ! SignalSuisse
with all the stuff that is going on in this world currency wars and stuff.. im looking to long gold technically :- - RSI showing a good bullish divergence on weekly chart - Gold is near to Multiyear trend line *brown Line - Gold is Approching the end of a channel in Blue line will hold gold as i believe gold is a matter of time before exploding to the upside...
Gold prices are likely bottoming after having retraced a big chunk of the January rally this month. Looking at the XAUUSD chart over the past two and a half years, prices have started to bounce off an old bearish trend line that was broke through at the start of the year. There's also a bullish trend line coming in at the $1190 level. Technicals suggest that a...
Price action behaviour, although still within the ranging within the levels 1240 (key support) and 1320 (resistance), is showing bearish signs with a few rejection candles and closes below 1312 at the uppermost resistance zone (~1312 - 1320) before sinking further producing a new low below the 1280 support area. After a modest burst of downward momentum, it would...
Palladium overtakes Gold. Platinum gets the bronze medal and Copper is 4th
Gold, Silver, Wall Street, Oil Relative performance at 4 time frames Note the drastic difference post-2007. Also note the chaos of 2014